Project stage

Detailed description

MXC automates machine to machine (M2M) transactions, decentralizing big data and enabling a device data economy. With the introduction of the Machine eXchange Coin (MXC), adopters of LPWAN technologies can trade LPWAN Gateway access or sensor data for MXC. This exchange is automated using smart contracts running on the Machine eXchange Protocol (MXProtocol).

Based in Berlin, MXC is a non-profit foundation promoting the global adoption of LPWAN technology. Our team believes that MXC paired with LPWAN is the next step in the fourth industrial revolution, enabling smart cities and providing public access to big data.

By introducing the Machine eXchange Coin and the MXProtocol, MXC gives everyone a chance to profit from a more intelligent infrastructure. This makes MXC the future of IoT.

Problem

The fact is, current implementations for data networks are extremely expensive and offer very low usability. The need for a new technology is here and the need for LPWAN will only increase as it solves the current problems of low range/high cost data transmissions.

Solution

The MXC “Machine eXchange Protocol” facilitates the uninterrupted exchange of information between connected devices. The intrinsic blockchain based MXC Protocol ensures devices connect to the internet using the most convenient LPWAN Gateway lying in range. This “convenience” is determined using essential factors:

Cost per Downlink

Signal Quality

Availability

MXC influential Algorithmic Factors

Features

Manufacturing 4.0Introducing the "M2M Social Network" where Machines communicate and trade data

Additional links

Token details

Token symbol
? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. :MXC

Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : NA

Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)

Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA

Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token

Total supply ? Total supply — a total amount of tokens that will be released by the developers. :2,664,965,800 MXC

Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No

Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :1,065,986,320 MXC

Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Open

Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No

Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA

Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH,

Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :No

Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :No

Token and Funds Distribution

Token distribution date

Unsold tokens

Token Distribution

Vesting notes

Private Sale:1/4 vesting after 3 months from listing on exchange, 1/4 vesting every quarter there after

Team: 1/2 vesting after 1 year from token issue, 1/16 vesting every quarter there after

Early Investors: 1/2 vesting after 6 months from listing on exchange, 1/4 vesting every quarter there after

Funds Distribution

Sale schedule

Round

Token Price

Bonus

Min / Max Purchase

Soft Cap

Hard Cap

Public-ICO —
Soon
03 Sep 00:00 UTC

NA

No

-

Uncapped

Uncapped

Private sale —
Active
01 Aug 00:00 UTC

NA

No

-

Uncapped

Uncapped

Team

Hu Xin

CEO

Aaron Wagener

Chief Operating Officer

Vlad Karl

CTO

Vadim Vygonets

Lead Software Developer

Piotr Brzezinski

Protocol Engineer

Jeff Stahlnecker

Growth Manager

Advisors

Jeffrey Wernick

Entrepreneur and Private Investor

Leo Wang

PreAngel Fund – Founding Partner

Meinhard Benn

SatoshiPay Founder

Roadmap

Q2 2018

Permissionless blockchain based token solution

Q3 2018

Module test and wallet launch

Q4 2018

MXP 1st module release: Anti-Collision Coordinator

2019

MXP 2nd module release: Smart Bidding

2020

MXP 3rd module release: Inter-Chain Data Market

Activity

Social

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